PHILIPS 107P2098 MONITOR DRIVER DETAILS:
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PHILIPS 107P2098 MONITOR DRIVER
Week ending November Philips 107P2098 Monitor On the contrary, there is specialfitness in the appointment of Mr. Glass to the posi-tion. It would be hard to find another man in thecountry possessing the dynamic energy of Mr.
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Mc-Adoo, but after the floating of another large LibertyLoan the coming spring there will no longer be callfor the Philips 107P2098 Monitor driving force combined with executiveability of the highest order which so pre-eminentlyqualified Mr. McAdoo for the task of conducting thenational finances during a most momentous periodin the country's history.
With the lapse of anothersix months, considerable slowing down will have beenaccomplished, and then there will be need for a manof the conservative type with well-balanced judg-ment. Then Mr. Philips 107P2098 Monitor, with his sane and soberviews and the advantage of being well grounded inthe underlying principles of finance and economics,will have an opportunity to distinguish himself andto render a service to his country as pre-eminent asthat rendered by Mr. This service willconsist in guiding the country along safe and soundpaths and in resisting the vagaries and wild schemesof men of the Bolsheviki class, the acceptance ofwhose theories would plunge the country intodisaster': It should not be forgotten that the Secretary ofthe Treasury, besides his multifarious other functions,is also ex officio a member of the Federal ReserveBoardis Philips 107P2098 Monitor fact the controlling spirit in it, everyone deferring to him and being guided by his wishesand judgment.
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Glass will be in hiselement. As Chairman of the House Banking andCurrency Committee, he had an important partin shaping the original Federal Reserve Act andwhen it left his hands it was in every way a soundenactment.
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Since then it has undergone importantchanges under the stress of warchanges the mostpernicious of which Mr. Glass resisted with allhis influence, but finally was overborne by hiscolleagues.
Philips 107P4074 User Manual Page 51
As the law now stands, its dis-tinguishing characteristic is that it provides forFederal Reserve note issues on an ever increasingscale. In war times inflation is inseparable from affairsand the Reserve Act fitted in well with the generalscheme of things. But now that thd war is over,unless we would invite danger of a most seriouskind, we must speedily get back to the normal,and these excessive note issues gradually be retired. We know of no man who has a clearer comprehensionof the problem, or who is better fitted to grapplewith it, than Carter Glass. The country is to be con-gratulated, therefore, that Philips 107P2098 Monitor. Glass has found itpossible to accept the tender of the office.
It Philips 107P2098 Monitor been regrettable had he been obliged to decline. The exhibit of bank clearings for the United Statesfor November appears to indicate that, not-withstanding Philips 107P2098 Monitor cessation of hostilities abroad andthe consequent cancellation of large contracts forsupplies for our armies and the let-up in work inother dirctions associated with the war, the businessof the country as a whole continues very: In fact, the tendencytoward the making of new high records in clearingsis still in evidence, although less marked than in thepreceding month.
It does not follow, of course,that, Philips 107P2098 Monitor war being over, there will be a rapid returnto normal either in the matter of business volumeor in the prices for commodities. So far as prices areconcerned, any important drop is naturally dependentupon a decline in the labor cost.
Meanwhile thenecessity for providing the devastated areas ofEurope not only with the necessaries of life but withmaterial for reconstruction work will keep us busyfor some time to come. At New York Philips 107P2098 Monitor total of clearings for this latest month, while not a high mark, exceeds that of theperiod a year ago and the cause therefor is not tobe found in any greater volume of speculation onthe Stock Exchange as compared with Philips 107P2098 Monitor this city a new high record for November has beenestablished, and, furthermore, as in the case of theaggregate for the whole country, these outside clear-ings run ahead of all other months in our history,only excepting October this year.
Only three citiesfurnish monthly totals of unprecedented magnitude,namely Washington, Yakima and Newport News;but at quite a number of other points previous recordsare. Moreover,90 of the cities included in our compilation setnew records for November; in only 39 instances havethe current year's eleven months aggregates everbeen exceeded and in the current totals exceedthose for any preceding full yearquite largely ina number of cases.
Clearings at New York for November exhibit again of 5. Contrastedwithon the other hand, the loss for the monthis 6.
Combined the cities outsideof New York give an aggregate Operations in shares on the New York Stock Ex-change in November were considerably smallerthan in October, but almost identical with those forthe month last year. The transactions Philips 107P2098 Monitor Novemberthis year summed up 14, shares, against14, shares in and 34, shares in Louis DEC. As regards bonds,railroad and industrial issues were in fairly gooddemand during the month, the dealings having beenlarger than for any other monthly period in except October and nearly double those of the cor-responding time in State, city and foreignGovernment securities were also quite freely dealtin, the transactions having been the heaviest of anymonth since April and very much in excess ofNovember of that year.
At Boston stock trading was more activein November than intransactions in ,shares contrasting withshares, and for theperiod since Jan. Discover the Philips Monitors.
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